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General information

Country: GREECE

Sector: Marine Shipping

Euroseas Ltd. is a holding company, which engages in the provision of ocean-going transportation services. The company is headquartered in Athina, Attiki and currently employs 365 full-time employees. The firm is an owner and operator of drybulk and container carrier vessels and is a provider of seaborne transportation for drybulk and containerized cargoes. Eurobulk Ltd. manages the Company`s operations. The firm also owns and operates dry bulk carriers that transport major bulks, such as iron ore, coal and grains, and minor bulks, such as bauxite, phosphate and fertilizers. The firm has a fleet of 12 vessels, including Kamsarmax drybulk carrier, Panamax drybulk carriers and Handymax drybulk carrier, Intermediate containerships, Handysize containerships, and Feeder containerships. The Company’s five drybulk carriers have a total cargo capacity of 351,272 deadweight tons (dwt), and its seven containerships have a cargo capacity of 11,828 twenty-foot equivalent units (teu).
  • Current market environment: negative. Prices of production are 82.4% lower compared to the last 12 months (LTM)
  • Prices of production are at 4.5% percentile over the past 5 years, adjusted for inflation (are close to minimun)
  • Dividend yield for the last twelve months 10.8%
  • Free cash flow yield 59.2% (LTM), projected -28.3%
  • Share price is 864.1% higher than minimum and 51.6% lower than maximum for the last 3 years
  • The company is undervalued by EV / LTM EBITDA multiple compared to target level (0.9x vs
  • The company is undervalued by EV / projected EBITDA multiple compared to target level (

Key Financials (Download financials)

Ticker: ESEA
Share price, USD:  (-1.5%)18.51
year average price 22.15  

year start price 29.00 2022-04-02

max close price 33.66 2022-06-06

min close price 17.03 2023-03-17

current price 18.51 2023-04-01
Common stocks: 7 294 541

Dividend Yield:  10.8%
FCF Yield LTM / expected: 59.2% / -28.3%
EV / EBITDA annualized: 1.0x
Production prices change from LTM: -82.4%
EV / projected EBITDA:
Target EV / EBITDA (hist percentile):
Express share price potential:
EV / LTM EBITDA mutiple calculation
Market Cap ($m): 135
Net Debt ($m): -27
EV (Enterprise Value): 108
EBITDA LTM ($m): 121
Price to Book: 0.8x

Revenue and EBITDA

Quarterly values ($m)

Change (y/y)

Cash Flow

FCF / Free Cash Flow ($m)

Net Debt / Cash and Equivalents ($m)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / LTM EBITDA and 75% percentile

Potential dynamics


2023-02-15Seeking Alpha

Euroseas Ltd. (ESEA) Q4 2022 Earnings Call Transcript

2023-01-13Seeking Alpha

Euroseas' End Markets Fell But The Company Is Still On The Hook

2022-12-07Seeking Alpha

Euroseas: The 10.3% Yield And 65% Discount To NAV Offer Deep Margin Of Safety

2022-12-01Zacks Investment Research

Investors Heavily Search Euroseas Ltd. (ESEA): Here is What You Need to Know

2022-11-18Zacks Investment Research

Euroseas Ltd. (ESEA) is Attracting Investor Attention: Here is What You Should Know

2022-11-14Seeking Alpha

Euroseas Ltd (ESEA) Q3 2022 Earnings Call Transcript

2022-11-14Zacks Investment Research

Euroseas Ltd. (ESEA) Lags Q3 Earnings and Revenue Estimates

2022-11-10Zacks Investment Research

Euroseas (ESEA) to Report Q3 Earnings: What's in Store?


Euroseas Ltd. Sets Date for the Release of Third Quarter 2022 Results, Conference Call and Webcast

2022-10-28Zacks Investment Research

Euroseas Ltd. (ESEA) Is a Trending Stock: Facts to Know Before Betting on It
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